Mixed-Use – 1.2 Acres in Homestead, FL – Prime Location Across from Homestead Station

Category: Mixed-Use

Price:$4,000,000

Location: Homestead, FL

Year Built: 1926

Days on Market: 72

Description:

±1.2 acres of prime commercial real estate situated at the highly visible corner of Krome Avenue and Flagler, directly across from the new Homestead Station and just two blocks from the new City Hall. The offering includes four (4) parcels (Folios: 10-7918-008-0010, 10-7918-008-0030, 10-7918-008-0060, and 10-7918-008-0070) and features an existing shopping center, a detached medical office building, and additional vacant land for future development. The property is currently zoned highly desirable B-3. The existing structures have been renovated and brought up to code, including installation of new roofs. Current in-place income totals $20,786 per month with 10 tenants all on one year lease expiring Dec 31st 2026. The City will permit construction of a new building up to six (6) stories in height, providing significant upside and long-term redevelopment potential.

±1.2 acres of prime commercial real estate situated at the highly visible corner of Krome Avenue and Flagler. Across the street from Homestead station

Listing Code: 1154266338